in the past three years, we have never been a situation that would be forced o publish PIMI weeky newsletters with less than at least sixteen news items or more.
New Year’s Eve has started in many parts of the world today. Undoubtedly, executives and employees of commercial and manufacturing companies have begun their business with new plans for the year 2020. In Iran, however, tensions have shifted to another side following a firing from an American drone. Even before this week and the death of an Iranian Army Commander General, there was no considerable news in the polymer industry in Iran. In most parts of the world, companies were also on holiday and the news itself were few.
However, the shooting on Friday, January 3rd, made the situation worse in Iran. If this was a political or social media portal, maybe we would have hot and varied news now. However, the events in Iraq made matters worse. For this reason, this newsletter will inevitably be published with the least number of new and duplicate news.
In the past two weeks, the volume of purchases on the Iranian commodity exchange has declined, as is seen in weekly material price analysis reports. Meanwhile, the price of materials has doubled due to the rise in the price of the US$ in the official market controlled by the government. On the one hand, we have reports from southern Iranian petrochemicals that at least two large petrochemical units have been forced to move bags and pallets of materials to the road sides because of the warehouses being filled. On the other hand, under such circumstances, the firing of the American drone caused the closure of Tehran and many Iranian cities this week. Mass media-controlled propaganda, largely controlled by the government, also has put people in a state of war. All these events together indicate that if Iran or the US will be in a state of war, the situation of the world’s petrochemical industry would be in a state of critical price shock.
The result is that if we had a polymer conversion plant, we would definitely be trying to provide the materials we needed for six months. This is the least result of a shooting from a US drone.
